May 7, 2010

Michael Hartnett on living in a stock-picker's paradise

One of the messages today that we'd certainly like to relay to the financial advisors and their clients is that there's the beginning of a stock-picker's paradise out there. There are a tremendous amount of macro concerns, and we share them as well, but when you see this dislocation it does often throw up a lot of opportunities to buy very, very good companies at much cheaper prices.

~Michael Hartnett, Chief Global Equity Strategist, BofA Merrill Lynch Global Research, "Market Update: Is Volatility Back?", May 7, 2010

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